# What is DEFED? By [DEFED](https://paragraph.com/@defedcommunity) ยท 2023-05-25 --- DEFED is a name that symbolizes the digital economy and financial ecosystem, representing DEFED DAO's commitment to building a decentralized, open, and innovative financial world. We believe DEFED will become a significant participant in the Web3 world. Mission ------- DEFED's mission is to help Web2 users seamlessly enter the Web3 world and experience new decentralized finance and blockchain technologies in familiar ways. DEFED understands the challenges and discomfort that Web2 users may face when transitioning to Web3, so it offers a range of solutions to simplify their transition process. Firstly, DEFED allows users to register their Web3 wallets using their familiar email addresses. This simple and intuitive registration process enables users to quickly create their Web3 identities without complex setups and configurations. Additionally, DEFED enables users to engage in instant, low-interest, multi-chain-based lending using on-chain assets. With DEFED Lend, users can significantly enhance the flexibility and utilization of their asset management without the need for additional preparations. Furthermore, DEFED addresses pain points when users interact with DApps deployed on multiple chains. Users can interact with these DApps without the need for various Gas Tokens. DEFED reduces users' operational costs and complexities by optimizing transaction mechanisms and utilizing its underlying technology, making it easier for them to participate in the Web3 ecosystem. Moreover, DEFED provides a fully decentralized and encrypted instant messaging function, allowing users to communicate and interact with other users securely. This communication feature aligns with the habits and requirements of Web2, and protects users' privacy and security. Additionally, DEFED introduces SBT as a Web3-friendly identity verification method. SBT offers a reliable and decentralized identity credential that users can utilize in the Web3 environment to verify their identity and gain more functionalities and privileges. Overall, DEFED aims to serve as a bridge for Web2 users to smoothly transition to the Web3 world. By simplifying the registration process, reducing operational costs, providing secure communication capabilities, and offering Web3-friendly identity verification methods, DEFED enables users to experience the innovation and potential of Web3 in familiar and comfortable ways, bringing them true financial freedom and innovation. Whether for individual users or enterprise institutions, DEFED is committed to opening the doors to the Web3 world and helping them realize more possibilities and opportunities. Conclusion ---------- DEFED DAO aims to provide DAO members with more freedom, privacy, and security, enabling them to easily enter the realm of Web3 and enjoy its various advantages and opportunities. DEFED DAO is committed to incorporating the concept of decentralization into the digital economy and financial sector, bringing better financial experiences and broader development opportunities to more people. DEFED believes it will be a driving force for innovation and transformation in the Web3 world, building a trusted, efficient, and secure digital economy ecosystem for DAO members. --- *Originally published on [DEFED](https://paragraph.com/@defedcommunity/what-is-defed)*